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How the Fed’s rate hike will affect the housing market

Housing Wire

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. neighborhood, housing market, Fall, homes, new house sales, forbearance.

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Mortgage rates might soar even higher

Housing Wire

Following the Fed’s decision to raise interest rates by an additional 75 basis points on Wednesday, the central bank said it will hike rates as high as 4.6% Will Savage, a loan originator at PMC Mortgage , sees many pre-approved clients having to get reapproved for a mortgage based on the rate increases. About 9.1%

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 MAXEX seeks to capitalize on expanding non-QM market

Housing Wire

Facilitating forward-trading agreements, which allow platform users to sell loan pools at a future date with pre-negotiated terms and pricing.’. These new programs will expand our reach with bank-statement and other alternative-documentation loans, interest-only, etc.,

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How loan originators survived a cutthroat mortgage business in 2023

Housing Wire

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. But the industry was on a roller coaster with rates climbing near 7% in February and hitting 8% in October as the central bank battled to bring down high inflation.

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Frequently Asked Questions about Buyers Agents in Real Estate

Realty Biz

Understanding the mortgage process, including prequalification and pre-approval, is also essential. Whether it's residential, commercial, or investment properties, working with an agent with expertise in your desired area can be highly beneficial. It is essential to prepare for the mortgage pre-approval process.

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Competition for mortgage underwriters has never been fiercer

Housing Wire

He stressed that is across all facets of the organization, including underwriters for residential mortgage originations and private-label securitizations as well as the firm’s commercial operations. “We A recent report from the Federal Reserve Bank of New York illustrates the explosion of mortgage originations during the past year.

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7 best real estate schools in Illinois (IL) for 2024

Housing Wire

A state-approved real estate school in Illinois, the CE Shop is constantly updating its course material to stay on top of industry changes. Visit Website Overview According to Net Real Estate School, it offers the lowest priced state-approved education in Illinois. What’s more, students have a higher than average pass rate of 64%.

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